Indian pilgrims get NFT collectible option
India is utilizing NFTs beyond gaming, leveraging the tokens to improve its ticketing and tourism services, digital art and music, and even incorporating them into religious festivals.
India is utilizing NFTs beyond gaming, leveraging the tokens to improve its ticketing and tourism services, digital art and music, and even incorporating them into religious festivals.
Russia is reportedly banking on the planned blockchain-based payment system to reduce the U.S. dollar's global influence, seeking help from other BRICS members.
Aside from getting a permit, firms covered by the new mandate should ensure that their artificial intelligence tools, products, or services "do not permit any bias or discrimination" before being put out to the public.
It will take quite some time before India sees the "full-fledged" launch of its CBDC as the RBI insists on a cautious approach to ensure the integrity and stability of the e-rupee.
While cities in India are crafting plans to adopt blockchain tech to help boost the economy, Mumbai is focusing on the metaverse, with plans to leverage the virtual world to transform its landscape.
To support existing blockchain-based initiatives targeting India's healthcare sector, the BFI teams up with the IISc for a new project to aid studies focused on creating tangible healthcare solutions.
In its monetary policy statement of 2024, the Reserve Bank of India revealed that it is looking to enable additional functionalities of programmability and offline capability in CBDC retail payments.
Nirmala Sitharaman remained silent on requests to lower taxes as she presented the Budget 2024-25 on February 1, while India's Web3 industry hopes the new gov't will address their concerns by July.
An emerging powerhouse, India is betting big on AI and blockchain technology to spur its economy to greater heights and fast-track its digital transformation.
India harnesses blockchain technology in addressing issues, this time in Jharkhand's agricultural sector, with the region deploying a blockchain-based system to distribute seeds efficiently.
As India warms up to blockchain with the federal government emphasizing its benefits, its Web3 industry experts expect more banks and financial institutions to utilize the technology in 2024.
India's richest man, Mukesh Ambani, recently said his Reliance Industries would complete AI transformation in 2024, boosting hope for faster adoption and bigger investments in the sector.